SquaredFinancial Review SummaryFounded2005Registered Country/RegionCyprusRegulationCySEC, FSA (Suspicious Clone)Market InstrumentsForex, Indices, Futures, Commodities, Stocks & ETFs and CryptosDemo Account✅Leverage1:30EUR/USD SpreadFrom 1.2 pipsTrading PlatformMT4, MT5 and Mobile APPMin Deposit$0Customer SupportTel: +1 +44 2031371393Email: support@squareddirect.com; support@squaredfinancial.scX: https://twitter.com/sq_financialFacebook: https://www.facebook.com/squaredfinancialInstagram: https://www.instagram.com/squaredfinancial/Physical address: 07/1 Wilson Street West End QLD 4101 SquaredFinancial is a forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC), offering over 40 currency pairs and a selection of CFDs, with three account types, leverage of up to 1:30, and the MT4, MT5 and Mobile APP platforms. Demo accounts are available and there is no minimum deposit requirement.Pros and ConsProsConsRegulated by CySECSuspicious clone FSA licenseMultiple trading choicesDemo accountsCommission-free account offeredFlexible leverage ratiosMT4 and MT5 trading platformNo minimum depositPopular payment optionsComprehensive contact channelsMultilingual supportIs SquaredFinancial Legit? SquaredFinancial holds two regulatory licenses, one of which is a Market Making license issued by the Cyprus Securities and Exchange Commission (CySEC) (license number: 606110). However, the Seychelles Financial Services Authority (FSA) regulation (license number: SD024) claimed by this broker is suspected of being a clone. Please be aware of the associated risks!Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCyprus Securities and Exchange Commission (CySEC)Squared Financial (CY) LtdMarket Making (MM)606110Regulatory StatusSuspicious CloneRegulated byThe Seychelles Financial Services Authority (FSA)Licensed InstitutionSQ Sey LtdLicensed TypeRetail Forex LicenseLicensed NumberSD024What Can I Trade on SquaredFinancial? SquaredFinancial offers a wide range of trading instruments: Forex, Indices, Futures, Commodities, Stocks & ETFs and Crypto. Forex: EUR/USD, GBP/JPY, AUD/CAD, CAD/CHF, USD/JPY, EUR/AUD... Indices: Dow Jones 30, Germany 40, Japan 225, France 40, UK100, Hong Kong 50... Futures: FRA40, ESP35, GER40, US30, US100, US500, CC, CT, HG... Commodities: Crude Oil, Gold, Brent Oil, Silver, Natural Gas... Stocks & ETFs: Apple, Tesla, Microsoft, Barclays, Citigroup, Netflix, Amazon... Cryptocurrencies: Bitcoin, Litecoin, Ripple, Cardano, Dash, Ethereum, DogeCoin...Tradable InstrumentsSupportedForex✔Indices✔Futures✔Commodities✔Stocks✔ETFs✔Cryptocurrencies✔Bonds❌Options❌ETFs❌Account Type SquaredFinancial offers two types of live accounts: SquaredPro and SquaredProElite. The minimum deposits for these two accounts are $0 and $500, respectively. In addition, there is a free demo account available for you to familiarize yourself with the trading market before engaging in real transactions.Account TypeMin DepositSquaredPro$0SquaredProElite$500How to Open an Account on SquaredFinancial? To open an account on SquaredFinancial, simply follow these steps： Step 1: Fill in your personal information, such as your name, phone number, and email address. Step 2: Submit the necessary documents for identity verification. Step 3: Select a suitable payment method to deposit funds.Leverage SquaredFinancial offers varying levels of leverage for different trading instruments. The leverage for major currency pairs is 1:500, but for highly volatile currency pairs, stock CFDs, natural resource CFDs, metal CFDs, and cryptocurrency CFDs, SquaredFinancial provides significantly lower leverage, ranging from approximately 1:10 to 1:50. This is done to prevent users from incurring large losses all at once.Spread and Commission SquaredFinancial offers customized spreads for various account types. For SquaredPro accounts, spreads begin at 1.2 pips, whereas SquaredProElite accounts feature spreads starting from 0 pips, which is highly competitive. Regarding commissions, SquaredPro accounts are free from any charges. In contrast, SquaredElite accounts impose a commission of $5 per trading lot, structured as a recurring fee—2.5 upon opening a position and another 2.5 upon closing,which remains below the industry benchmark of $6 per lot.Account TypeSpreadCommissionSquaredPro1.2 pips❌SquaredProElite0 pips$5 per lotTrading Platform SquaredFinancial offers you access to MetaTrader 4, MetaTrader 5, and Mobile APP. MetaTrader has become an industry standard due to its high-tech indicators, charting tools, and other useful features. This provides you with significant freedom and flexibility to choose your preferred devices and platforms for trading.Trading PlatformSupportedAvailable DevicesSuitable forMobile APP✔Mobile/MT4✔Web and MobileBeginnersMT5✔Web and MobileExperienced tradersDeposit and Withdrawal When making deposits and withdrawals with SquaredFinancial, you have a variety of payment methods to choose from. The primary methods include bank transfers, Visa, Mastercard, cryptocurrencies, and more. Many SquaredFinancial clients have commented on the broker's payment system as being highly convenient.